Allied Properties Real Estate Investment Trust Announces Closing of Acquisition of Class I Office Complex in Kitchener
August 02 2012 - 5:55PM
Marketwired Canada
Allied Properties REIT (TSX:AP.UN) announced today that it has closed the
acquisition of the following property:
Address Total Office Retail Parking
GLA GLA GLA Spaces
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Lang Tannery, Kitchener 340,150 291,763 48,666 345
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With the Lang Tannery, Allied now owns three key properties in the Kitchener's
Warehouse District comprising over 500,000 square feet of GLA. The Warehouse
District is rapidly becoming a critical technology and transportation hub for
the surrounding region.
Allied Properties REIT is a leading owner, manager and developer of urban office
environments that enrich experience and enhance profitability for business
tenants operating in Canada's major cities. Its objectives are to provide stable
and growing cash distributions to unitholders and to maximize unitholder value
through effective management and accretive portfolio growth.
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